Earnings
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Weak ad revenue pulls Google down
Oct 19, 2012
Yesterday Google accidentally fired off its earnings announcement three hours ahead of schedule and profits fell quite short of expectations.
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Google shares drop as declining ad prices hit profits
Oct 18, 2012
Google's quarterly earnings report was mistakenly released while markets were open, instead of after. A 20 percent drop in profits, as prices of online and mobile ads decline, sent shares down immediately.
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Bank earnings kick off with JPMorgan blockbuster
Oct 12, 2012
The financial sector is doing better than last year on a bumper mortgage business and lower loan-loss reserves.
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U.S. a dim brightspot in the global economy
Oct 9, 2012
The third-quarter earnings season kicked off today with an ominous warning about global growth from the IMF. A weak consolation for Americans is that we are the only major economy where the IMF expects decent growth in the next year.
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Earnings under spotlight as economy slows
Oct 8, 2012
Third-quarter earnings season begins this week, with some analysts predicting the first decline in S&P 500 profits since 2009.
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Staples loses sales, Target nabs a profit
Aug 15, 2012
Shares in the office supply store Staples are down 15 percent this morning after the company said its sales dropped 5.5 percent last quarter. Meanwhile, the discount retailer Target said it made a $700 million profit last quarter
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Pfizer profits jump despite loss of Lipitor patent
Jul 31, 2012
Pfizer seems to be weathering the loss of its patent for Lipitor just fine. The drug company says its second quarter profit jumped 25 percent. That's despite lower revenue, and competition from generics for its cholesterol-fighting blockbuster.
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BP oil earnings report shows signs of weakness
Jul 31, 2012
The British oil company BP is reporting a sharp drop in profits. The company made just $238 million last quarter, compared with more than $5 billion a year ago.
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GDP growth slows to 1.5%
Jul 27, 2012
The Commerce Department announced Gross Domestic Product ticked up 1.5 percent in the second quarter. That's down from a growth rate of 2 percent in the first part of the year.
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Facebook reports slowdown in revenue growth
Jul 27, 2012
A lot of the earnings reports we've seen so far this week have been disappointing, including Facebook.
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